Benefits of Payroll Integration
As companies begin to evaluate new technology solutions for 2020, one important aspect to consider is integration capabilities. If you are adding new technology to help improve processes or correct existing challenges, your new system should integrate into current company systems to avoid redundant processes or manual entry errors.
Payroll is one area of company operations that can be challenging to manage, with manual processes, spreadsheets, and scalability issues as the company grows. What is easy to manage with 4 employees is suddenly a challenge when you have 40 employees. Manual entry errors account for a large percentage of payroll and HMRC filing mistakes that can lead to fines and penalties for organisations.
Payroll technology can help streamline company expenses, budget, and ensure compliance with the latest regulations. Using a payroll technology with customised reporting allows your payroll team to view payroll costs in real-time, spot trends, and make adjustments where necessary. If you have to wait a month to view payroll, you could be missing errors that could cause filing mistakes with HMRC, incorrect payslips, and more.
Finding a payroll solution that integrates with your company processes can ensure the payroll process runs smoothly each month, provides reporting to ensure compliance, and filing directly with HMRC to avoid missed deadlines. Integration with your HR system allows your team to enter employee details in one platform and avoid common issues associated with redundant processes. To learn more about how integrated payroll can help your organisation, click here